GM has announced that they have set aside a fund for victims of any car accident caused by the faulty ignition issues that have plagued the automaker. This fund will compensate victims who were injured in a defect-related car accident or families of those who were killed. Depending on circumstances, some victims could receive several million dollars.
This fund is for victims across the nation, including those in West Virginia. Should victims accept compensation from this fund, they are thereby relinquishing their right to pursue a lawsuit against GM. If a victim or the family of a victim refuses compensation from the fund, they would still have the option of pursing legal action against the company. It is important to understand the best option for each individual case.
In order to claim a settlement, victims must submit evidence from their particular car accident. This evidence could include accident reports, medical bills and any validation for the claim. The compensation fund will be run by an administrator who is not employed by GM, ensuring that each case can be evaluated with as little bias as possible. The ignition switch defect was traced as far back as 2001 and likely caused over 50 car accidents. It should be noted that victims of the defect have no legal requirement to file a claim.
Should a West Virginia victim be interested in seeking compensation through the fund or through a lawsuit, it would be useful to fully examine the individual case. This could help determine if the car accident victim should file a claim with the compensation fund. The ignition switch defect was no fault of the victims and others affected, but there are many options by which the deserved compensation can be claimed.
Source: wzzm13.com, "Victims of faulty GM ignition switches could get millions", , June 30, 2014